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While economists may be more open to peaceful coexistence, they still tend to form battle lines over the importance of the budget deficits. Some economists contend that the deficit is no longer a menace because it has shrunk from more than 6% of the gross national product in 1983 to about 3% right now. That is lower than the level of deficit spending during 1975-76, for example, when the gap was widened by a recession. Friedman says he accepts the deficit because it has restrained federal spending. "Sometimes you have to choose the lesser of two evils," he says...

Author: /time Magazine | Title: Knitting New Notions: U.S. economists jettison Reagan formulas | 1/30/1989 | See Source »

Many lawyers contend that the rules may sharply limit plea bargaining after indictments, thus crowding court calendars. The crunch behind bars is expected to get worse. The 50,000 inmates jamming federal penitentiaries are already 60% more than capacity. "We're going to see dramatic increases in prison terms and prison overcrowding," predicts Sam Buffone, chairman of an American Bar Association committee on the sentencing system...

Author: /time Magazine | Title: Law: Let Punishment Fit the Crime | 1/30/1989 | See Source »

Many of those in the capital who are talking about the pay hike favor it, as do students of government who contend that too many of the most talented men and women pick private industry over public service because of the siren song of much higher pay. But for many Americans "out there" who already feel that life inside the Washington Beltway is a world vastly different from their own, the prospect of such big raises right at budget-cutting time is cause for concern, derision, even anger. At their current salary of $89,500 a year, Congressmen already make...

Author: /time Magazine | Title: Are They Worth It? Possible Congressional Raise | 1/23/1989 | See Source »

...Fuel Users for Equitable Levies) and TRIP (The Road Information Program), are some unlikely fellow travelers. Among them: the American Petroleum Institute, which represents big oil companies, and Americans for Democratic Action, a left-wing organization that rates public office holders on their support for liberal issues. Both groups contend that a gas-tax increase would unfairly burden lower-income motorists because they spend a higher proportion of their income on fuel than better-off drivers do. The opponents are joined by state legislators, who fear that a higher federal levy would squeeze their ability to raise more revenues through...

Author: /time Magazine | Title: Fueling Up a Brawl: U.S. gas tax | 1/23/1989 | See Source »

...founder and executive vice president of Stanton Corp. in Charlotte, N.C., which sells 1 million written honesty tests a year, admits that his questionnaires are only 88% reliable. Employers should use a written test only to supplement interviews and background checks, Walls points out. Critics of the tests contend that many managers are lazy when it comes to hiring. "They want quick answers to the question 'Will a person be honest?' " explains Jon Bauer, a law professor at the University of Connecticut. "Honesty tests have the look and feel of something scientific...

Author: /time Magazine | Title: Honestly, Can We Trust You? Employers seek an integrity test | 1/23/1989 | See Source »

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